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Cambodian On line casino operator NagaCorp states it’s not concerned about the COVID-19 pandemic since the business thinks its Phnom Penh casino monopoly will outlast the virus. On Wednesday, NagaCorp issued a trading update on its general performance about the 1st 3 months of 2020, during which gross gaming revenue at its NagaWorld facility in Cambodia’s cash rose fifteen% year-on-12 months to US£368.8m. The Q1 gains were being totally due to the VIP segment, which observed turnover rise 18% to $9.7b, whilst VIP gross gambling earnings shot up by a single-quarter to $270.2m. NagaCorp credited the surge to VIPs viewing Cambodia as obtaining no less than appeared to dodge the worst in the pandemic to date. Mass industry table games had a much more tepid quarter, with purchase-ins and profits equally slipping 1% from Q1 2019, due primarily to many Asia-Pacific nations limiting their citizens power to travel due to the pandemic. This also impacted Digital gaming machine functionality, which reported credits down twenty five% and income down fifteen%. NagaCorp observed that its sturdy Over-all exhibiting predated Cambodia’s authorities buying the shutdown of all casinos to minimize additional spread with the COVID-19 coronavirus. contrary to most other On line casino jurisdictions, Cambodia’s shutdown order had no targeted stop day, but NagaCorp states its money reserves of about $473m ought to permit it to trip out this storm, on the other hand extensive it lasts.
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